Debt Settlement - CMHC deficiency - Canada

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RE: CMHC deficiency

Postby average_joe » Wed Sep 30, 2009 07:09:29 PM

I believe they can collect up to the length of the judgment which is twenty years.
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RE: CMHC deficiency

Postby RichardC » Tue Jun 23, 2009 01:19:52 PM

That will go on as long as you file taxes and continue to owe a balance; expect that to stop once the debt is paid.
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CMHC deficiency

Postby mom2browndog » Tue Jun 23, 2009 10:29:12 AM

I live in BC and had a foreclosure in 2001 with my ex. I have not acknowledged the debt in any way since.

The bank took about a $23,000 loss when selling

Since 2002 CRA has taken all my income tax refunds for a MIF defiency judgement

How long will this go on ? When will I ever get a tax return again?
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